Texas Natural Resources Code 62.131 – Authority to Issue Revenue Bonds
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Terms Used In Texas Natural Resources Code 62.131
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
For the purpose of acquiring, developing, improving, and enlarging public recreational areas and facilities, the board may issue revenue bonds payable solely from:
(1) the revenue of all or any designated part of the properties or facilities under the jurisdiction and control of the board; or
(2) any other source of funds the board may wish to dedicate for that purpose.